PANews June 13 news, according to The Block, Riot Platforms announced in a document on Wednesday that it had purchased nearly 6 million shares of Bitfarms through the open market in the past week, increasing its shareholding to 13.1%. At the same time, Riot CEO Jason Les criticized Bitfarms' "poison pill" plan. Les said in a statement: "Bitfarms did not approach us privately and sincerely, but responded by implementing an over-the-counter poison pill, and its triggering threshold is far lower than the usual 20%." Last month, Riot attempted to acquire all of Bitfarms' shares for a total equity of approximately US$950 million. Bitfarms rejected the proposal. Earlier this week, Bitfarms adopted a "poison pill" plan, stating that if an entity accumulates more than 15% of Bitfarms' shares between June 20 and September 10, the company will issue new shares to dilute the entity's shares.
